Home Bancorp (NASDAQ:HBCP) Stock Passes Above 200-Day Moving Average - Here's What Happened

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.36 and traded as high as $51.81. Home Bancorp shares last traded at $51.66, with a volume of 29,347 shares.

Wall Street Analysts Forecast Growth

HBCP has been the subject of several research analyst reports. Raymond James upgraded Home Bancorp from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research note on Monday, October 21st. StockNews.com cut Home Bancorp from a "buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. Finally, Hovde Group cut Home Bancorp from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $53.00 to $54.50 in a research note on Tuesday, November 12th.

Home Bancorp Stock Performance

The stock has a market capitalization of $418.79 million, a price-to-earnings ratio of 11.39 and a beta of 0.71. The firm has a fifty day moving average of $47.69 and a 200 day moving average of $45.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its earnings results on Monday, January 27th. The bank reported $1.21 EPS for the quarter, topping the consensus estimate of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter last year, the business earned $1.17 EPS. On average, sell-side analysts anticipate that Home Bancorp, Inc. will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be issued a $0.27 dividend. This is a positive change from Home Bancorp's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.08%. The ex-dividend date is Monday, February 10th. Home Bancorp's dividend payout ratio (DPR) is presently 22.86%.

Institutional Trading of Home Bancorp

Several institutional investors have recently bought and sold shares of HBCP. Montz Harcus Wealth Management LLC acquired a new stake in Home Bancorp in the third quarter valued at approximately $1,598,000. Crawford Fund Management LLC boosted its stake in shares of Home Bancorp by 48.3% in the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank's stock worth $4,068,000 after acquiring an additional 29,722 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Home Bancorp in the fourth quarter worth approximately $449,000. JPMorgan Chase & Co. boosted its stake in shares of Home Bancorp by 136.2% in the third quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank's stock worth $654,000 after acquiring an additional 8,459 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Home Bancorp by 287.9% in the third quarter. Barclays PLC now owns 9,142 shares of the bank's stock worth $407,000 after acquiring an additional 6,785 shares during the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

About Home Bancorp

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.